Quote from: setialovers on August 21, 2019, 12:16:11 AM

Quote from: JollyGood on July 06, 2019, 09:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

In my opinion, the ideal situation for bitcoin dominance in the market is around 30-35%. If the dominance of bitcoin is still above 50%, many new projects will be difficult to survive because they have been abandoned by their investors. With a dominance of 30-35% but the market value of the cryptocurrency market cap is at 1 trillion dollars, then the price of bitcoin will not change much from the current price, maybe even be in the range of $ 20k

With the rate of bitcoin development, bitcoin will always have the dominance and the dominance will not end anytime soon which I dont think the dominance should completely affect the altcoins forever, and like I said, bitcoin will remain dominant and may even grow above 50% but even at that, what we need for altcoins to start increasing is for bitcoin to go sideways, if bitcoin starts to move sideways and then consolidate, then altcoins will regain their freedom once again, and then we will see those that still have little life in them start growing and blowing beyond our imagination.

I am not so much concerned about the dominance of bitcoin, I am just hoping that bitcoin will go on consolidation very soon because that is the only way that these coins can survive.